FIRM BRIEFINGS NIGERIA G Elias & Co
2012 Firm Overview Highlight clients
First Bank of Nigeria, UBA Capital, Afrexim Bank,
Most active disciplines Arbitration, litigation, company and commercial, M&A and joint- ventures, private equity and funds, corporate restructuring, asset finance, banking, capital markets, project finance, EPC, IP, land, public and administrative, tax
Key sectors Oil and gas, power, social infrastructure, water, sewage and utilities
Key partners Gbolahan Elias, Segun Omoregie, Fred Onuobia
One of the most prestigious firms in Nigeria, especially for its lender, banking, finance and capital markets practice, G Elias & Co is present on many of the country’s big energy and infrastructure projects, such as the Lekki toll road project, the development of the MMA2 airport terminal (the first privately operated in the country), the NNPC ExxonMobil LNG Phase II project and the Calabar monorail project. Gbolahan Elias (SAN) and Fred Onuobia are the senior lawyers in
the firm and together cover projects work, project financing, securities, litigation and dispute resolution.
Matters The firm acted on a string of mandates from First Bank of Nigeria (FBN) in the oil & gas and energy sectors. Fred Onuobia led most of the matters, which included an oil and gas lending and acquisition fi- nance worth $160 million, an oil and gas lending valued at $289 mil- lion and a third oil and gas facility and acquisition financing, worth $80 million. All were closed in 2012. Gbolahan Elias led a team to advise UBA Capital and a consortium
comprising Transcorp Nigeria and Midwestern Corporation in relation to a bid to acquire producing acreage from a multinational. The trans- action was valued at $850 million. In other cases, the firm advised lenders on the Lekki toll road project, an airport development and monorail network and an NGL project.
Jackson Etti & Edu
2012 Firm Overview Cross-border matters
Benin, Cote d’Ivoire, Ghana
Highlight clients Baker Hughes Incorporated, Ontario Oil & Gas,
Most active disciplines Litigation, M&A and joint-ventures, corporate restructuring, banking, project finance (energy and natural resources)
Key sectors Oil and Gas, power
Key partners Koye Edu, Fola Olusanya
Jackson Etti & Edu is a well-liked firm among international counsel and some international corporate and finance institutions. It has an as- sociation with Ghanaian firm Minkah-Premoh & Co and handles a lot of corporate matters, most recently for clients such as Baker Hughes Incorporated. The office is well versed in the oil and gas sectors and in matters relating to joint operating agreements, production sharing con- tract, unitization and farm-in agreements, among other things.
ENERGY & INFRASTRUCTURE | SUB SAHARAN AFRICA 2013 41
Matters The firm acted regularly for Baker Hughes Incorporated. In one matter, Koye Edu and Fola Olusanya led a team to advise the client on the con- solidation of its Nigerian, Ghanaian and Cote d’Ivoire subsidiaries through a sale of assets and businesses to a new company. The firm was also advising on the Nigerian aspects of the client’s global acquisition of BJ Services Company. The global value of the transactions is $5.5 billion. The firm also advised downstream operator Ontario Oil & Gas on its acquisition of a tank farm for $20 million.
Odujinrin & Adefulu
2012 Firm Overview Cross-border matters
Angola, Benin, Cameroon, Chad, Cote d’Ivoire, DRC, Equatorial Guinea, Gabon, Togo
Highlight clients
African Export-Import Bank, First Exploration & Petroleum Development Company
Most active disciplines Litigation, company and commercial, M&A and joint-ventures, asset finance, banking, capital markets, environmental, land, tax
Key sectors Oil and gas, power, industry and manufacturing
Key partners Adeoye Adefulu, Damilola Adetunji
Odujinrin & Adefulu maintains a strong position in the Nigerian legal market. The firm’s energy and infrastructure related work is handled by energy partner Adeoye Adefulu and corporate finance partner Damilola Adetunji. The firm has been busy advising clients and public entities in relation to the Petroleum Industry Bill (PIB) and runs a ‘pe-
troleumindustrybill.com’ website which follows latest developments in the Bill. Outside the oil and gas sector, the firm has recently been acting on
instructions off the back of the country’s electricity privatisation pro- gramme and pushing its cross-border capacity, where it recently advised a client on oil spillage liabilities involving ten jurisdictions in West and Central Africa.
Matters Adeoye Adefulu led a team advising a confidential indigenous oil and gas client on a $150 million acquisition of an interest in an OML in the Niger Delta. Similarly, a team acted for First Exploration & Petro- leum Development Company on its acquisition of an indirect interest in an OML. The firm assisted on acquisition arrangements, structuring and lending structures and agreements. The firm does a lot of work for the African Export-Import Bank,
and in recent deals teams led by Damilola Adetunji advised the bank on a syndicated amortized oil export backed term loan to Seplat Petro- leum, worth $550 million to develop interests in three OML, and to Shebah Exploration and Production Company, for $150 million to de- velop its oil fields. The firm worked with Clifford Chance and Winston & Strawn, respectively.
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